Fed's historic rate hike slammed by markets, weak data | Reuters

Fed's historic rate hike slammed by markets, weak data | Reuters: "A lull in global market turmoil allowed the U.S. Federal Reserve to raise interest rates with a clear conscience in December, but policymakers across the spectrum now acknowledge the economic landscape may have shifted beneath their feet since the move.

It is too early to declare the first rate hike in nearly a decade a mistake, they say, or to fear the U.S. central bank will be forced, like the European Central Bank and others, to retreat before the current tightening cycle is complete.

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